According to the latest 2024-25 NBA Championship odds, we could have the first back-to-back champ in seven years! The Boston Celtics begin defense of their NBA title shortly, so it’s time to analyze the updated prices.
Will the Celtics defend their title, or will a newcomer rise to the top? Continue reading for the latest odds, analysis, and our 2024-25 NBA predictions.
If you prefer a video format, check out my thoughts in this video.
NBA Championship 2024-25 Betting Odds
The following NBA 2025 winner odds are courtesy of Bovada:
TEAM | ODDS |
---|---|
Boston Celtics | +230 |
Oklahoma City Thunder | +240 |
Cleveland Cavaliers | +600 |
Los Angeles Lakers | +800 |
Denver Nuggets | +1300 |
New York Knicks | +1400 |
Los Angeles Clippers | +2800 |
Golden State Warriors | +3000 |
Memphis Grizzlies | +3000 |
Milwaukee Bucks | +3000 |
Dallas Mavericks | +3500 |
Houston Rockets | +5000 |
According to NBA betting sites, the Boston Celtics (+230) remain the favorites to win the 2024-25 NBA Championship. The defending champs opened as a +300 favorite in June, and their NBA Championship odds have shortened to +230.
In short, the Celtics’ implied probability has improved from 25% to 30.3%. The Oklahoma City Thunder (+240) have witnessed a notable jump to +240 from +900 to open the season. They’ve gone from a 10% implied chance to 29.4%.
However, the biggest movers in the championship markets through the first half have been the Cleveland Cavaliers (+600). The Cavs opened as +5000 longshots but now have the third-best title odds at +600! That represents a shift from a 2% to a 14.3% chance!
You can find up-to-date NBA Championship 2024-25 odds at Bovada by navigating to All Sports > Basketball > NBA Futures > NBA Championship.
Favorites for the 2024-25 NBA Championship
The early NBA Championship 2025 odds suggest that it’s a two-team race between the Celtics and Thunder. That being said, there are a slew of hungry teams behind them that made some moves to improve their squads in the offseason.
Let’s analyze the top favorites and their chances in the 2024-25 campaign:
Boston Celtics (+300)
- Head Coach: Joe Mazzulla
- 2023-24 Record: 64-18 (Champions)
- NBA Titles: 18
- Key Players: Jayson Tatum, Jaylen Brown, Kristaps Porziņģis
After winning their 18th title in franchise history, the Celtics were inserted as the favorite to capture back-to-back championships. As the NBA All-Star Game approaches, no team has managed to overtake the Celtics at sports betting sites.
Last season, the Celtics went 64-18 in the regular season and kept the train rolling in the postseason. Through four playoff series, the Celtics went 16-3! They didn’t lose more than a game in any series, including a sweep of the Indiana Pacers and a 4-1 win over the Dallas Mavericks in the NBA Finals.
In 2023-24, the Celtics were second in the NBA with 120.6 points per game. Additionally, the Celtics finished with the fifth-highest point differential of all time at 10.7 points per game! Since the mid 90s Bulls, only the 2016-17 Golden State Warriors had a larger gap.
Although the Celtics are off that pace this year, Joe Mazzulla’s squad still has a strong win margin of +9 points. Additionally, the Celtics are sixth, with 117.2 points per game, and fourth, yielding 108.2 points per game. These numbers aren’t the best in the league, but a small drop-off following a championship campaign was expected.
Watch out on the road ⚠️
Top 5️⃣ Plays pic.twitter.com/Mm9JJYL64f
— Boston Celtics (@celtics) February 11, 2025
The Celtics are in top form in February. They’ve won six of their previous seven matchups, including a huge 112-105 victory over the East-leading Cleveland Cavaliers. Currently, the Celtics are second in the league at 38-16 and 5.5 games behind Cleveland.
That said, when the lights are the brightest this spring in the postseason, there isn’t another team that is going to be as experienced and well-rounded. They may not lead the standings, but the Celtics are the most trusted squad come the playoffs.
Oklahoma City Thunder (+240)
- Head Coach: Mark Daigneault
- 2023-24 Record: 57-25 (Loss Conference Semifinals)
- NBA Titles: 1 (Seattle Supersonics)
- Key Players: Shai Gilgeous-Alexander, Chet Holmgren, Jalen Williams
The Thunder’s NBA Championship 2025 odds are on the move after opening at +900! They are all the way down to +240, and the results on the court have shown the Thunder are true contenders.
Although the Thunder didn’t make any blockbuster signings in the offseason, they made key acquisitions to help bolster their depth. Center Isaiah Hartenstein joined the Thunder after spending the last two seasons with the Knicks.
He has provided the Thunder with strong defense and is a contributor on the offensive floor. Additionally, the Thunder acquired Alex Caruso in a trade for Josh Giddey in June.
Although Caruso doesn’t have the most impact on the stats sheet, he’s a solid veteran off the bench and his importance in the locker room can’t be fully quantified.
It’s also important to note that the trio of Shai Gilgeous-Alexander, Chet Holmgren, and Jalen Williams have had another year working together in Oklahoma. With a record of 43-9 and a massive eight-game lead in the Western Conference, it has all come together in 2024-25.
SGA continued his incredible scoring run this season in OKC's 6th straight win!
⛈️ 31 PTS
⛈️ 3 STL
⛈️ 4 3PMIt's his league-leading 32nd 30+ PT game this season. pic.twitter.com/rgySgEpuKB
— NBA (@NBA) February 11, 2025
Gilgeous-Alexander is amongst the favorites in the NBA MVP odds, and having another standout season. The 26-year-old Canadian is on pace to record a new career-high in points. He has notched 32.6 points on 52.8% shooting, while averaging 5.1 rebounds and 5.9 assists per game.
He’s only growing as a player, and the same goes for Holmgren and Williams. Chet has played in only 12 games, but recently returned from a hip injury. “J-Dub” is also having a career season, with 21.1 points, 5.5 rebounds, and 5.1 assists per game.
The Thunder are going to be a problem in the West for years to come. The young core will continue to get stronger, which will position the Thunder as an NBA favorite for the foreseeable future.
Cleveland Cavaliers (+600)
- Head Coach: Kenny Atkinson
- 2023-24 Record: 48-34 (Loss Conference Semifinals)
- NBA Titles: 1
- Key Players: Donovan Mitchell, Jarrett Allen, Darius Garland, Evan Mobley
The Cleveland Cavaliers are the surprise team of the 2024-25 season. While most basketball pundits expected improvement from the Cavaliers, most didn’t foresee these outstanding results!
Cleveland ranks first in the East with a superb record of 43-10. They are in a deadlock with the Thunder for the best mark in the NBA in mid-February. Additionally, the Cavs rank second, with a +10.5 margin of victory and 122.5 points per game this season.
DONOVAN MITCHELL CLIMBS THE LADDER 💥
SPIDA EXPLODES FOR THE ONE-HANDED JAM!! pic.twitter.com/X9nZdT6Tlo
— NBA (@NBA) February 11, 2025
If there’s any weakness, the defense hasn’t been as strong as Kenny Atkinson would like. The Cavaliers are 12th defensively, yielding an average of 112 points per contest. It isn’t much of a concern right now, but they’ll need to buckle down against the top offenses in the playoffs.
Donovan Mitchell leads the Cavaliers in scoring, with 24 points per game on 45.5% shooting. He and emerging star Darius Garland have been a force in the backcourt. Garland leads the Cavs with 6.6 assists per game and is scoring consistently with an average of 21.8 points.
Additionally, the Cavaliers’ frontcourt is well-equipped with bigs Jarrett Allen and Evan Mobley. This is an all-around stout roster that should make some noise in the playoffs. Is it enough to oust an established Celtics squad, though?
Best Sleepers for the NBA Championship 2024-25
Before finalizing my early NBA Championship 2025 predictions, let’s look at two sleepers that have a chance to improve this season. Consider including these teams in your NBA betting strategy for the title in 2025:
NBA Championship 2024-25 Prediction and Betting Pick
Based on current NBA rosters and talent, the Boston Celtics remain the team to beat. This is essentially the same roster that won the 2023-24 title comfortably. All seven of their top contributors returned to the Celtics for the 2024-25 campaign.
The path through the Eastern Conference for the Celtics appears simple enough, while the young Western Conference teams are another year or two away. Brown, Tatum, and Porziņģis together are too much to handle at this stage.
The Cavaliers are the top competition for the Celtics in the East. However, I believe they’ve reached their peak, and it may have happened too soon. The Celtics, on the other hand, haven’t applied full throttle yet.
Look for the Celtics to turn the energy levels up at the perfect time to strike in the playoffs. The latest NBA Championship odds still have the Celtics as the favorites and I have to agree.
I recommend to continue putting your faith in the Celtics to win back-to-back titles! I also can’t ignore the value on the Grizzlies right now, so a small wager on Memphis makes a lot of sense at +3000.
Where to Bet on the 2024-25 NBA Championship?
NBA betting for the 2024-25 campaign is in full swing as the season approaches, so make sure to get your future wagers in now! Take advantage of the opening NBA Championship odds with the best prices at Bovada.
Place your NBA picks at one of the most reputable and highly-rated online sportsbooks! In addition to 2024-25 NBA title odds, Bovada will have prices for every matchup, live betting, and an assortment of prop bets available!
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